Scalping The Forex Market For Profit Every Day

Forex Market: Scalping the forex market is something that all new traders aspire to do. However it is not easy and requires a lot of concentration and discipline.

Once you decide on a set that will be used you will have to spend a few months religiously for a couple of hours a day trading in demo mode until you know at your disposal and a feel for escalparla.

A popular way of scalping the forex charts is to use M1 means movable hull values. Trace you the following PMC (moving averages loaded) in your chart: 10, 20, 30, 40, 50, 60, 70, 80, 90, 100, 110, 120, 130, 140, 150, 160, 170, 180 , 190, 200, 210, 220, 240. Now put a price on a line Medium or, if you have not put a line Close. Put all PMC’s a color that is different from the price.

This will create a nice graphic. With the use of these PMC’s you can easily see the strength of a trend, he will find that the price tends to go back and forth moving averages. What we are seeking is the resistance in a trend up or support in a downward trend as a double top or something similar. Once you find this area wait for a convincing break following the trend and then enter to scalping some movement.

This method requires practice, do not expect you to be able to carry it out immediately, open a demo account with a broker that offers margin of a pip or less and traded every day at the same time for at least two months. I guarantee you that you will see great improvements as it will be familiar with the configuration and flow of the market.